My friend Lawrence W. Reed is one of Earth’s biggest optimists. The legendary free-market scholar recalls flipping his vehicle at age 26 on an icy Michigan road in February 1980. As he rolled over inside his Ford Fairmont, he smiled: “Hey, I’ll get a new car out of this!”
Thus, his recent essay for the Foundation for Economic Education, of which he is president emeritus, is a surprise. Reed has gone from cheerful to chilly.
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